Federal tax collections were a bit softer in December than in recent months, but overall were in the same growth path as throughout the past year. That signals that the US economy isn’t doing much differently than the pace it has been for the past several years. Here’s why that’s still bad news, and what you should do about it.
Circumstantial evidence suggests that the Primary Dealers are in big trouble. The 10 year yield holds the key. Here’s what to look for. Subscribers, click…
The conditions were optimal for a big rally in Treasuries, but it didn’t happen, and that’s bad news.
The Fed can never leave QE. Here’s why, and what it means for you.
That’s the question of the hour as the Fed pumps money into the financial markets at a record pace. Here’s what’s important about that.
In 2½ months the Fed replaced what it took 8 months to drain off between January and August 2019. But Lying Jerry says, “It’s not QE!”
Federal tax collections were robust in November, signaling that the US economy is perking along. That has implications for the Treasury supply outlook, and consequently…
The Wall Street captured media likes to tell us that there’s just a small plumbing problem in the money market. But the fact is that…
Treasury supply is gargantuan. But size doesn’t matter because the Fed can take it. And is taking it. Almost all of it. Subscribers, click here…
Federal revenues fell in October for the first time since February. And outlays rose, widening the deficit. The Fed raised its ante in response. Here’s what this means and what you should do about it.
